Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 247.56 | +0.0050 | pay 0.0050% / 8h | 5h 59m | — | $1.2M | — | Long BingX | |
| SHORT | 247.25 | −0.0080 | pay 0.0010% / 1h | 59m 54s | $1.1M | $981K | 10x | Short QFEX10% back |
Price gap−0.125%
Funding gap−0.0130% /8h
Funding costs $4 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0130% /8h now · paid −0.075% over the last 7D
Price−$1spread −0.125% now, avg −0.119% → −0.006% if it goes back
Costs−$660.664% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.125%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCRM on 16 exchanges
lowest funding firstBefore you open
0 ok · 3 to watch- Watch: Thin at this size15.4 / 18.3 bpAt $10k entering QFEX costs 18.3 bp, fee and slippage, 1.2× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.90Long BingX: 3 payments, −$1.50; short QFEX: 24 payments, −$2.40.
- Note: Gap at its usual level−0.125% vs −0.119%The price leg adds little either way.
- Note: Open interest unknown— vs $1.1M OIBingX reports no open interest, so the legs cannot be compared.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · QFEX NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0036%/8h × 21 periods−$7.49
Price spread−0.125% → −0.119% (7d avg)−$0.61
Slippage, 4 orderslive order books−$36.38
Fee BingX bp × 2 orders−$10.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$74.48
Costs to cover0.664%Break-evennever at this rate
Slippage: BingX: live order book, 30 min ago; QFEX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX2.4215.4 bp−$1575.3 bp−$753261.9 bp−$26.2K845.5 bp−$422.8K
SELL · SHORTQFEX2.0218.3 bp−$18doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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